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Side-by-side financial comparison of Americas Gold & Silver Corp (USAS) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $17.3M, roughly 1.1× Valens Semiconductor Ltd.). Valens Semiconductor Ltd. runs the higher net margin — -42.2% vs -82.3%, a 40.1% gap on every dollar of revenue. On growth, Valens Semiconductor Ltd. posted the faster year-over-year revenue change (8.1% vs -28.0%). Valens Semiconductor Ltd. produced more free cash flow last quarter ($-4.9M vs $-41.3M).

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

USAS vs VLN — Head-to-Head

Bigger by revenue
USAS
USAS
1.1× larger
USAS
$19.1M
$17.3M
VLN
Growing faster (revenue YoY)
VLN
VLN
+36.1% gap
VLN
8.1%
-28.0%
USAS
Higher net margin
VLN
VLN
40.1% more per $
VLN
-42.2%
-82.3%
USAS
More free cash flow
VLN
VLN
$36.4M more FCF
VLN
$-4.9M
$-41.3M
USAS

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
USAS
USAS
VLN
VLN
Revenue
$19.1M
$17.3M
Net Profit
$-15.7M
$-7.3M
Gross Margin
34.2%
63.0%
Operating Margin
-46.4%
Net Margin
-82.3%
-42.2%
Revenue YoY
-28.0%
8.1%
Net Profit YoY
2.8%
29.3%
EPS (diluted)
$-0.07

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
USAS
USAS
VLN
VLN
Q3 25
$19.1M
$17.3M
Q2 25
$17.1M
Q1 25
$16.8M
Q3 24
$26.5M
$16.0M
Q2 24
$13.6M
Q2 23
$24.2M
Q2 22
$22.5M
Net Profit
USAS
USAS
VLN
VLN
Q3 25
$-15.7M
$-7.3M
Q2 25
$-7.2M
Q1 25
$-8.3M
Q3 24
$-16.2M
$-10.4M
Q2 24
$-8.9M
Q2 23
$-4.6M
Q2 22
$-10.0M
Gross Margin
USAS
USAS
VLN
VLN
Q3 25
34.2%
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q3 24
23.6%
56.4%
Q2 24
61.4%
Q2 23
61.8%
Q2 22
70.2%
Operating Margin
USAS
USAS
VLN
VLN
Q3 25
-46.4%
Q2 25
-43.3%
Q1 25
-56.2%
Q3 24
-76.3%
Q2 24
-69.2%
Q2 23
-21.4%
Q2 22
-35.3%
Net Margin
USAS
USAS
VLN
VLN
Q3 25
-82.3%
-42.2%
Q2 25
-42.1%
Q1 25
-49.4%
Q3 24
-60.9%
-64.6%
Q2 24
-65.2%
Q2 23
-19.0%
Q2 22
-44.5%
EPS (diluted)
USAS
USAS
VLN
VLN
Q3 25
$-0.07
Q2 25
$-0.07
Q1 25
$-0.08
Q3 24
$-0.10
Q2 24
$-0.08
Q2 23
$-0.05
Q2 22
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
USAS
USAS
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$39.1M
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$50.2M
$108.8M
Total Assets
$234.7M
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
USAS
USAS
VLN
VLN
Q3 25
$39.1M
$93.5M
Q2 25
$102.7M
Q1 25
$112.5M
Q3 24
$133.1M
Q2 24
$105.9M
Q2 23
$138.0M
Q2 22
$46.6M
Stockholders' Equity
USAS
USAS
VLN
VLN
Q3 25
$50.2M
$108.8M
Q2 25
$116.5M
Q1 25
$128.6M
Q3 24
$53.1M
$147.0M
Q2 24
$153.5M
Q2 23
$166.3M
Q2 22
$173.2M
Total Assets
USAS
USAS
VLN
VLN
Q3 25
$234.7M
$136.7M
Q2 25
$144.8M
Q1 25
$154.6M
Q3 24
$171.9M
Q2 24
$175.8M
Q2 23
$184.3M
Q2 22
$196.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
USAS
USAS
VLN
VLN
Operating Cash FlowLast quarter
$-12.5M
$-4.7M
Free Cash FlowOCF − Capex
$-41.3M
$-4.9M
FCF MarginFCF / Revenue
-216.5%
-28.5%
Capex IntensityCapex / Revenue
150.8%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
USAS
USAS
VLN
VLN
Q3 25
$-12.5M
$-4.7M
Q2 25
$-211.0K
Q1 25
$-7.6M
Q3 24
$2.4M
$3.0M
Q2 24
$-225.0K
Q2 23
$358.0K
Q2 22
$-4.3M
Free Cash Flow
USAS
USAS
VLN
VLN
Q3 25
$-41.3M
$-4.9M
Q2 25
$-330.0K
Q1 25
$-8.0M
Q3 24
$-11.2M
$2.2M
Q2 24
$-460.0K
Q2 23
$-419.0K
Q2 22
$-4.5M
FCF Margin
USAS
USAS
VLN
VLN
Q3 25
-216.5%
-28.5%
Q2 25
-1.9%
Q1 25
-47.3%
Q3 24
-42.2%
14.0%
Q2 24
-3.4%
Q2 23
-1.7%
Q2 22
-20.0%
Capex Intensity
USAS
USAS
VLN
VLN
Q3 25
150.8%
1.6%
Q2 25
0.7%
Q1 25
2.1%
Q3 24
51.2%
4.5%
Q2 24
1.7%
Q2 23
3.2%
Q2 22
1.1%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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